PricewaterhjouseCoopers (PwC) noted Hong Kong’s IPO fund raising activities slowed down in the first half of this year. The total fund-raising amount reached HK$ 17.1 billion (about $2.2 billion) and is expected to contract by 92 percent year on year. Due to factors that contribute to increasing uncertainty, including the continued outbreak of COVID, geopolitical…
Hong Kong IPO Volumes Tumbled 92 Percent, PwC Cuts HK IPO Forecast by Half
After Dire Year England’s Shops Hope for End-of-Lockdown Shopping Spree
LONDON—After more than three months of enforced closure due to the COVID-19 pandemic, non-essential stores in England reopen their doors on Monday, hoping that the escape from lockdown will fuel a trading boom. Industry lobby group, the British Retail Consortium, estimates UK stores have lost £27 billion ($37 billion) in sales over three lockdowns, while…
Britain to Shake Up How Companies Are Run and Audited
LONDON—Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors would have to repay bonuses if their company went bust or serious failings came to light, and dividends and bonuses would have to be stopped…
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